It wasn't shut down after the acqusiition, it's been dead and just shambling along as a zombie for nearly two decades.

The last impressive things they shipped were Mass Effect and DA:O. That was 19 and 17 years ago.

Everything since has been trend-chasing and running on creative fumes.

Yes, the mourning for the company that made KOTOR and NWN was done years ago, it's effectively a completely different company now that's shutting down.